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Showing posts from June, 2019

UK Interdealer Broker TP ICAP to Trade CME’s Bitcoin Futures

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UK's TP ICAP will sell Bitcoin's financial derivatives (BTC), Bloomberg announced on June 17th. According to the report, ICAP now enables its clients to purchase or sell Bitcoin's term contracts with the Chicago Mercantile Exchange (CME). In June, stock exchange futures at Chicago Board Options Exchange will expire without plan renewal, leaving CEM alone to offer BTC futures. TP ICAP also hopes to add impracticable term contracts for the largest cryptocurrency, and then plans to open offices in Asia and the United States. Bloomberg says the company has decided to reduce the basic business model: "Average intermediaries have traditionally relied on bank transaction processing, but their volume shrank after the financial crisis. Last year, the KPIS ICAP's 36% loss of market value was abolished. Since then, it has recovered from around 10% to 1.6 billion pounds ($ 2 billion). " The report also states that users must comply with the "Know Your Cust

Russia Is Becoming Serious About Blockchain but Remains on the Fence About Cryptocurrencies

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Last week in St. Petersburg, an annual forum was held that brought together the largest number of Russian personalities in the economic sector. Cryptocurrencies have made a topic of shine. Namely, government agents and state-controlled companies clearly showed interest in blockchain, but appear to be distinguished from digital chips. Meanwhile, the country still lacks the regulatory framework for cryptocurrencies, even though the local authorities are in charge of preparing some necessary changes some time ago. So where is Russia moving in terms of cryptocurrency and blockchains? A brief introduction to Russia’s relationship with cryptocurrencies Russia's position on the currency crypto is mixed and fluid, indicating how the CryptoRuble project - a national stabilization project in the local currency took place. First, financial intermediary Pavel Medvedev described the use of substitution for the conventional currency as "illegal." The Kremlin would then decide

Bitcoin Analyst Says BTC Could Reach $25,000 by the end of 2019

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Bitcoin (BTC) analyst Oliver Isaacs estimates that by the end of 2019, he will reach $ 25,000, according to a report released by The Independent on June 5. Isaacs explained why he still hopes to be shortly: "The recent re-emergence has multiple causes, geopolitical, technological, and regulatory causes. The trade war between the US and China had the net effect of stimulating a sudden interest in bitcoin as a hedge for investments." Draper also allegedly commented on the state of the mainstream adoption trends, and large corporations such as Microsoft, Amazon, Starbucks, and Whole Foods now accept all encrypted payments. Investor Tim Draper believes that general adoption will be in the coming years. Draper goes so far as to claim that BTC will reach $ 250,000 by 2023. He comments on how to see the near future in the following way: "I think when you buy a cup of coffee in Starbucks and try to pay in dollars, they will mock you because you do not use Bitcoin

Vancouver Mayor Suggests Ban on Bitcoin ATMs

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The city of Vancouver, Canada, is planning to ban automated ATMs for Bitcoin (BTC) due to money laundering issues, said Next Web on June 5. Vancouver's mayor, Kennedy Stewart, has proposed banning the sale of Bitcoin machines due to a growing number of money laundering cases. The Next Web report states that criminals can buy a bitcoin for a few thousand dollars and then pay their money to this counter "as often as necessary" to take advantage of the transaction fees or eliminate them. Authorities expect to receive 840 digital currency reports this year, three times more than last year's reports. Although the councils in Vancouver and Richmond called for action, the British Columbia province will investigate money laundering to investigate further. According to CoinATMRadar, industry surveillance resource, there are 694 Crypto-Currency ATMs in Canada, including 76 in Vancouver, at the time of printing. Last month, eight people were arrested in Spain for t

Japan’s Biggest Railway Firm Partners With Rakuten to Promote Cashless Payments

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Japan's gigantic e-commerce company, Rakuten joined the largest Japanese railway company, East Japan Railway Company (JR East) to promote non-cash payments. Cointelegraph Japan reported the news on June 5th. The partnership will enable travelers to charge and redeem JR East "Sheep" smart card via the Rakuten Pay mobile application. As Cointelegraph Japan records, the integrated service will enable passengers to 5000 rail stations and about 50,000 buses and nearly 600,000 stores in Japan to get cashless payments via mobile applications. According to the official announcement released today, the launch of the next service is scheduled for spring 2020. Both companies are looking for future joint ventures to promote non-cash payment transactions. Further, the statement said. As Cointelegraph has already pointed out, publishing the release for 2018, released in February, revealed an update to the popular Rakuten payment application that could potentially facilita

Polish Exchange Shuts Down Also Disappears With Customers Funds

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Polish center for cryptocurrency Coinroom allegedly closed and disappeared with client funds, local office business.argent.pl reported on May 31. Money.pl received an e-mail from one of its readers, who said that the coin - registered in 2016 - ceased working overnight and disappeared in April with customer money. Some users say they had up to 60,000 zlotys (about $ 15,790) in their accounts. https://jvz6.com/c/1186489/317331 Before the end of the business, Coinroom sent customers emails with contract cancellation information. The Coiroom Clients had only one day to withdraw their money, which was by the coin rules signed by the users. However, some clients claimed that some of them received only some of the money, while most of them did not at all receive their funds. One of the stock exchange buyers told money.pl that he lost 2,005 bitcoins (BTC) (nearly $ 15,000 at the time of printing). The other user said, "The second day after sending me an email, I went to Coinro

SEC Commissioner Hester Peirce Supports Less Caution Toward ETF Innovation

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Hester Peirce, the US Securities Regulatory Commissioner, advocated a less cautious approach to innovations in ETFs by regulators. The Financial Times reported on its remarks on June 2. According to the report, Ms. Peirce from the Security and Trade Board (DIP) invited her co-commissioners to allow ETF innovations by reducing the precaution. She reportedly commented on the DIP approach to this class of highly regulated financial derivatives, pointing out that DIP "always attracts ETFs with personal attention, as if they were children." Mrs. Peirce also pointed out that the regulator wrongly rejected the Bitcoin-based ETF (BTC) application, which was introduced by twins Winklevoss, who are also the founders of the Gemini Cryptocurrency Exchange. According to Peirce, ETF would encourage institutional investors to participate in the cryptographic market. State Street Advisors State Street, CEO of the third largest property manager in the world, Cyrus Taraporevala, tol

The US, Japan Are Top Sources of Traffic to Cryptocurrency Exchanges Globally: Study

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The United States is the main source of the traffic to cryptocurrencies worldwide, Cointelegraph Japan reported on June 1. The study published the cryptographic journal The Block on May 31. The study shows that 24.5% of the total traffic intended for encrypted exchanges comes from the United States. Japan is second with 10% of total turnover, while South Korea 6.5% and Indonesia about 4.5%. However, as Blok points out, some countries - for example, China - block access to cryptocurrencies and users of these sites usually have access to virtual private networks (VPNs). VPNs hide the IP addresses of users, which makes them appear to come from another country, which reduces the accuracy of this study. Finally, Blok claims that it has found a positive correlation between gross domestic product per capita and the volume of Internet traffic intended for an exchange of cryptocurrencies. The report states: "The data show that the poorest countries do not trade crypts as much

‘This Tech Can Solve the Trust Crisis’ says WEF Head of Blockchain Sheila Warren

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Sheila Warren, head of Blockchain Technology and Distributed Accounting at the World Economic Forum (WEF), says blockchain could be the solution to the worsening global crisis of confidence. Warren gave his comments in an interview for Cointelegraph on May 31. During the interview, Warren said that public confidence in governments, banks, media, and institutions, particularly in the United States, is rapidly decreasing. She then said she thinks that the blocker if properly used, might be the answer to this problem: “This technology could provide access to information that could enable third parties or other groups actually to come in and conduct audits of what is happening. And I think that could build faith back in institutions.” Warren then explained that he was convinced that the implementation of such verified systems would be stringent but that he would be able to prove the fairness of the public processes and the authenticity of the various media brought many benefits. H

Blockchain-Based Social Media Platform Voice Announces Eos Developer Block.one

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The EOS firm, Block.one, announced the creation of a social media platform called Chain Channel Chain, called Voice, according to a statement released on Cointelegraph on June 1. The company claims that the platform will use Eos blockchain to ensure transparency in work, with no hidden algorithms or content delivery mechanisms that are unknown to the user. In a statement to the press, Brendan Blumer, CEO of Block.one, compared Voice with traditional social media platforms, citing: "Today's social media platforms are designed to make use of their users, look at the economic model, our content, our data, and our attention." All this is incredibly valuable, but for now, it is a platform, not a user who enjoys the prize. " According to the report, Block.one has recently joined the Coinbase Earn program, the educational offering for the Coinbase Crypto platform. The program allows users to take courses at particular crypto in exchange for a small deposit in